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Understanding Central Banks (Hardcover, 1st ed. 2019)
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Understanding Central Banks (Hardcover, 1st ed. 2019)
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Issues related to central banks feature regularly in economic news
coverage, and in times of economic or financial crisis, especially
when a commercial bank is bailed out, they become the focus of the
policy debate. But what role do central banks play in a modern
economy? How do central banks wield influence over the financial
system and the broad economy? Through which channels does monetary
policy impact macroeconomic fundamentals such as inflation or
unemployment? For example, how does a central bank alter the money
supply? What are the benefits of central bank independence, and
what are the up- and downsides of having a common currency? This
book provides easily accessible answers to these and other
questions associated with central banking.
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